Carnation Industries Receives Provisional Attachment Order from Enforcement Directorate
Carnation Industries Ltd has confirmed the receipt of a Provisional Attachment Order issued by the Directorate of Enforcement concerning proceedings that involve certain foreign entities and SEBI registered FPIs.The Company was informed regarding this order, which was dated June 05, 2026. The matter pertains to transactions currently under examination by authorities, including aspects related to alleged ultimate beneficiaries and alleged third party predicate offenses.
As per the details provided, Carnation Industries understands that no predicate offense has been alleged against the Company or its Promoters in these ongoing proceedings. The company is examining the situation with appropriate recourse, consistent with applicable law.
Despite the developments involving the order, Carnation Industries continues to operate in the normal course of business. The management stated that there is no impact on the company's financial position, customer commitments, or strategic priorities.
Stock Price Movement
Carnation Industries Ltd settled at ₹89.14 on Monday, registering zero percent change. The shares traded completely flat, maintaining that identical price point throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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